Insulation industry news from Global Insulation

France: Hirsch France, a partnership consisting of 66% Hirsch and 34% BewiSynbra, has purchased six Saint-Gobain expanded polystyrene (EPS) insulation plants and 49.9% of shares in Isossol from Saint-Gobain subsidiary Placoplâtre.

Saint Gobain’s nine-month sales fell by 4.1% year to Euro31.1bn to 30 September 2019 from Euro32.5bn. The group is targeting annual divestment equivalent to Euro3.0bn to cut losses.

UK: SIG has agreed to sell its Building Solutions division to Kingspan Group for Euro42m. Building Solutions is a UK manufacturer and distributor of building envelope solutions operating through brands including Steadmans, United Roofing Products, Trimform Products, and Advanced Cladding & Insulation. SIG decided to sell the division following a strategic review in 2017. Proceeds from the sale will be used to reduce SIG’s debts.